Kustom Entertainment closes USD 6.1 million legacy video solutions asset sale to Cycurion

Reuters2026/08/04 12:55

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Kustom Entertainment closed the divestiture of its legacy video solutions business assets to Cycurion in a USD 6.1 million deal.
Transaction completed Aug. 3 under amended terms tied to the asset purchase agreement.
Consideration includes USD 1.25 million cash, a USD 4.25 million secured promissory note, and USD 600,000 of Cycurion Series H preferred stock.
Promissory note runs 36 months with 7% annual interest; Series H preferred carries a 12% cumulative dividend, paid quarterly in Cycurion shares.
Deal completes Kustom’s shift to a pure-play live entertainment and ticketing technology business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kustom Entertainment Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040855PRIMZONEFULLFEED9803005) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Kustom Entertainment closes USD 6.1 million legacy video solutions asset sale to Cycurion

You may also like

Crypto prices